A federal appeals court has ruled against Indianapolis-based shopping mall giant Simon Property Group in a case revolving around whether dormancy fees can be charged on gift cards. The U.S. Circuit Court of Appeals in Manhattan on Oct. 19 sided with the state of Connecticut in its ban on the practice, according to Bloomberg. If […]
Arcadia HealthCare, the Detroit-area company that announced Oct. 10 it will move its headquarters to Indianapolis, has named two high-level executives. New Executive Vice President and General Counsel Michelle Molin was a partner at the law firm Ice Miller. Steve Zeller has been promoted to Executive Vice President of Services from BestCare Travel Staffing LLC, […]
Two former executives of Chicago-based Ubiquity Brands, which owns Jays Foods Inc. and Select Snacks Co., say they were fired without cause when the company recently restructured. Ubiquity sold another unit to ConAgra Foods Inc. in September; Jays and Select Snacks have filed for bankruptcy protection. William McManaman, the company’s former chief financial officer, and […]
Ball State University‘s contract with President Jo Ann Gora has been extended to June 2012 from August 2009, when it was set to expire, following a unanimous vote by university trustees. The action was taken during a meeting last month, according to The Star Press of Muncie. Gora arrived at the campus in 2004. The […]
Nothing But Noodles, a Scottsdale, Ariz., restaurant chain, has been acquired by Noodles & Co. of Aurora, Colo., in a move that affects at least two Indianapolis locations. As a result of the merger, a Nothing But Noodles at 3625 E. 96th Street has been closed because of its close proximity to a Noodles & […]
First Internet Bancorp said today that third-quarter profit shot up 63 percent, largely because of its acquisition of Landmark Financial Corp. Indianapolis-based First Internet said it earned $664,325 in the period ended Sept. 30. The online bank closed its $12 million purchase of Landmark on Jan 1. Landmark was the parent of Landmark Savings Bank […]
After making a reputation rating highbrow restaurants in New York, the Zagat Survey now will help WellPoint Inc.’s health insurance customers rate their doctors. In January, WellPoint and Zagat will launch an online survey tool that will allow patients to share their physician experiences with other WellPoint customers. The tool will allow consumers to review […]
Calumet Specialty Products Partners LP, the Indianapolis company that produces specialized petroleum-based products, has bought Texas-based Penreco for $240 million. Penreco is a general partnership owned by ConocoPhillips Co. and M.E. Zukerman Specialty Oil Corp. that manufactures and markets white mineral oils, and other petroleum products and specialty solvents. It is headquartered in The Woodlands, […]
Machine shops, the places where machines carve chunks of metal into parts used in everything from prosthetics to hydraulic pumps, are enjoying some of their best times in a decade. Industry observers say the companies are more financially sound than they’ve been since the ’90s, and that they continue buying equipment to make themselves more […]
Steven J. Beck has joined the Chicago-based commercial real estate and investment firm Geneva Capital Group as managing director of its office in downtown Indianapolis. Beck most recently was involved in helping raise a seed-capital fund called IVC Equity Partners. Prior to IVC Equity Partners, he launched and was president of the Indiana Venture Center, […]
Chicago-based Select Snacks Co. Inc. has told state officials in Indianapolis that it might close its Jeffersonville plant in December. About 245 jobs are at stake, according to The Courier-Journal of Louisville. A buyer is interested in the plant, which has been put up for sale as part of the company’s Chapter 11 bankruptcy reorganization, […]
The rising tide of mortgage foreclosures will result in an increase in complaints about real estate agents, the chairman of the Indiana Real Estate Commission told The Times of Munster in an interview. Tim Reed, a Valparaiso agent who has been a commission member since 1992 and the chairman since 1998, said many homeowners don’t […]
The near-east-side Indianapolis Enterprise Center has been sold to an undisclosed buyer from California. Seller Scott Meyers purchased the 200,000-square-foot incubator in May 2005 and has since added 34 companies and 10,000 square feet of office and warehouse space. It has a total of 72 tenants who share equipment and pay lower rent until they […]
Locally based Duke Realty Corp. plans to build another north-side office building, this time along River Road near Keystone Avenue and Interstate 465. And Duke already has signed a major tenant, locally based Advantage Health Solutions Inc., which will take 40,000 square feet of the 120,000-square-foot, four-story building. The building will be constructed on six […]
Peoples Management Resource, a New York development company, is negotiating to buy as many as 800 acres near Daleville for a possible entertainment and recreation complex, according to the The Star Press in nearby Muncie. The project near Interstate 69 and State Road 67 would include hotels, stores, an indoor water park and a skating […]
Tanasha L. Anders has been appointed interim president and CEO of Indiana Black Expo Inc. after former president and CEO Joyce Rogers resigned earlier this month to join Ivy Tech Community College as vice president of development. Anders has been vice president of Black Expo’s youth and family programs and started the Expo’s State of […]
A dispute between two local companies over intellectual property rights to the Graston physical therapy technique has been settled-again-three years after the parties reached their original settlement. This time, the agreement is better defined, said Michael I. Arnolt, the president of the party that forced the issue in court, TherapyCare Resources. The newest agreement, reached […]
Five state Democratic lawmakers from Anderson, Muncie and Pendleton have written a letter to Indiana Secretary of Commerce Nate Feltman to say they’re upset that their constituents were prevented from applying for the 2,000 production jobs created by the Honda Manufacturing of Indiana plant in Greensburg. The lawmakers say their constituents should be able to […]
Profit at Fort Wayne-based Steel Dynamics Inc. increased 12 percent, to $101 million, in the third quarter on across-the-board increases in its businesses. The steel recycler said today that revenue swelled 27 percent from the $876 million of a year earlier. The improvement came despite softness in flat-rolled steel and some slowness in certain bar […]
The Port Authority of Evansville may approve spending $50,000 for a feasibility study to build an inland harbor near Howell Yards railroad yard, reports the Courier & Press. The project would require cutting into the land to form a water harbor where barges could be brought. The need for an inland harbor is in response […]
